AUDUSD opened in Asia at 1.0413 and drifted lower after the Reserve Bank of Australia monetary policy statement. The Australian dollar softened against the US dollar in reaction to the central bank lowering its growth outlook and warned the euro zone debt crisis was the biggest threat to the Australian economy. AUDUSD lost 0.4 percent in the session to touch a low of 1.0367 following the RBA report.
EURUSD held onto gains in Asia after the euro rebounded in the US session following relief by investors that the Greek referendum was cancelled. However investors remained cautious in the Asian trading session preferring to wait for more developments form the G20 Summit in Cannes today as well as a confidence vote in the Greek parliament. But the main focus will be on the most important US jobs data, that is the Non-farm payroll report. This will give move markets accordingly. EURUSD opened in Asia at 1.3811 and closed at 1.3814.
GBPUSD opened in Asia at 1.6041 below the New York high of 1.6060 and dipped to 1.6001 on profit taking before settling into a 1.6000-22 range as investors take a pause ahead of a busy day today with the upcoming US Non-farm payrolls and the Greek confidence vote.
USDJPY was steady in a very tight range hovering above the key psychological 78.00 level. Cancellation of the Greek referendum and the surprise ECB rate cut helped shore up risk sentiment in the North American session but investors were taking a breather in Asia ahead of the Greek government facing a no-confidence motion tonight and also ahead of key US non-farm payrolls data tonight . USDJPY opened at 78.04 and closed at 77.99.
Gold eased off its six-week high hit in New York yesterday at $1,1767.60. Uncertainty surrounding the euro zone debt crisis and Greece’s abrupt call for a referendum panicked investors who turned to the safe haven asset. The precious metal remained close to six-week high and closed at $1,758.70.
By clicking “Continue”, you agree to the default cookie settings on our website.
Trading Point uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.
Read more, or change your cookie settings.
What are Cookies?
Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.
Cookies do not transfer viruses or malware to your computer. Because the data in a cookie does not change when it travels back and forth, it has no way to affect how your computer runs, but they act more like logs (i.e. they record user activity and remember stateful information) and they get updated every time you visit a website.
We may obtain information about you by accessing cookies, sent by our website. Different types of cookies keep track of different activities. For example, session cookies are used only when a person is actively navigating a website. Once you leave the website, the session cookie disappears.
Why are cookies useful?
We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function. This allows us to provide a high-quality customer experience by quickly identifying and fixing any issues that may arise. For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective. The latter also helps us to track if you were referred to us by another website and improve our future advertising campaigns.
Another use of cookies is to store your log in sessions, meaning that when you log in to the Members Area to deposit funds, a "session cookie" is set so that the website remembers that you have already logged in. If the website did not set this cookie, you will be asked for your login and password on each new page as you progress through the funding process.
In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.
Here is an overview of some of the functions our cookies provide us with:
This website uses Google Analytics, a web analytics service provided by Google, Inc. ("Google"). Google Analytics uses analytical cookies placed on your computer, to help the website analyze a user's use of the website. The information generated by the cookie about your use of the website (including your IP address) may be transmitted to and stored by Google on their servers. Google may use this information to evaluate your use of the website, to compile reports on website activity and to provide other services related to website activity and internet usage. Google may also transfer this information to third parties, where required to do so by law, or where such third parties process the information on behalf of Google. Google will not associate your IP address with any other data held. By using this website, you give your consent to Google to process data about you in the manner and for the purposes set out above.
Change Settings
Please select which types of cookies you want to be stored on your device.
We are using cookies to give you the best experience on our website.
Read more or change your cookie settings.